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Crude Oil Rises Above US$79 A Barrel

RJR News / Brent crude hit a new high of more than US$79 a barrel on data about higher demand in key markets such as China and OPEC’s bullish Monthly Oil Market Report, in which the cartel said the global overhang in oil inventories is all but gone.   The pending U.S. sanctions against Iran have also contributed to the price rise.

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